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SG Structured Products to price 13% Tempo ReConvs linked to Weyerhaeuser
By Laura Lutz
Des Moines, March 11 - SG Structured Products, Inc. plans to price 13% Tempo ReConvs due March 31, 2009 linked to Weyerhaeuser Co. common stock, according to a term sheet.
Interest will be payable quarterly.
The notes will be automatically redeemed in whole at par if the closing price of Weyerhaeuser shares exceeds the initial share price on June 24, 2008, Sept. 24, 2008 or Dec. 24, 2008.
At maturity, investors will receive par unless Weyerhaeuser stock falls below the knock-in price - 75% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Weyerhaeuser shares equal to par divided by the initial share price.
The notes will price on March 26 and settle on March 31.
SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.
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